AUTHORITY TO BORROW MONEY FOR CURRENT EXPENSES; EVIDENCE OF OBLIGATION
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff
(a) The district may:
(1) borrow money for current expenses; and
(2) evidence the borrowed money by warrants payable not later than the close of the calendar year for which the loan is made.
(b) The amount of the warrants may not exceed the anticipated revenue.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.